Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
(IDEX Online) - ALROSA sold $1.582 billion of rough diamonds in the first three months of this year, with sales of almost $550.3 million in March alone. "In January-March, world markets saw higher demand for medium and large-size rough diamonds compared to the same period last year," said ALROSA Deputy CEO Yury Okoemov. "There was a slight seasonal cooling off in demand in March. However, g...Read More
Keith Bush, chief executive of Cabot Energy Plc (LON:CAB), tells Proactive's Andrew Scott production in April's averaged 950 barrels of oil per day, meanwhile, the measure for the first three months of the year averaged 725 bopd.Cabot's anticipating that another 200 bopd of crude production will be brought online through the second quarter. Meet 360 Blockchain Inc and Alterola Biotech, Inc a...Read More
Investing.com - Gold prices pushed higher on Wednesday as a combination of concerns over ongoing trade tensions between the U.S. and China and the prospect of a U.S. military strike in Syria bolstered safe haven demand for the precious metal.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were up $1.7 or 0.13% to $1,347.60 a troy ounce by 04:21 AM ET (08:21...Read More
RAPAPORT... Alrosa's sales leaped20% year on year in the first quarter, as demand for medium-sized and largerough diamonds strengthened. Total sales for thethree months ending March 31 rose to $1.61 billion, of which $1.58 billion wasfrom rough sales and $23.7 million from polished. "In January to March, world markets saw higher demand formedium-and large-size rough diamonds compared to the same...Read More
Turkish pipe export prices have gone down slightly this month, in line with weak demand for such products and falling costs for pipe-making raw materials, sources said on Wednesday April 11.Metal Bulletin's monthly price assessment for EN10219-standard, grade-S235 tube, with 2mm wall thickness, was $675-685 per tonne fob on April 11, down from last month's...Read More
SHANGHAI, Apr 11 (SMM) –Copper: As crude oil soared overnight, LME copper climbed above the 40- and 60-day moving averages as investors added their longs. It stood above the 60-day moving average at opening today and is likely to trade at $6,930-6,990/mt. The SHFE 1805 contract mostly traded between the 20- and 40-day moving averages with strong momentum overnight. We expect i...Read More
BOAO/BEIJING, China (Reuters) - Chinese President Xi Jinping promised on Tuesday to open the country’s economy further and lower import tariffs on products like cars, in a speech seen as an attempt to defuse an escalating trade dispute with the United States.While much of his pledges were reiterations of previously announced reforms that foreign businesses say are long overdue, Xi’s co...Read More
Speaking at the World Copper Conference in Santiago, Chile, the executive said the company planned to begin construction of a new concentrator plant at the Mantoverde mine early next year once it had raised finance.Read More
Following its acquisition of the Salobro Zinc Project from Vale and IMS Engenharia Mineral, Emerita Resources (TSXV: EMO) has received the necessary permits to start a diamond drilling campaign at the 1,209.75-hectare site, located in the southeastern state of Minas Gerais.In a press release, the Toronto-based firm said that it is targeting completion of the revised resource by the end of Q2/2018,...Read More
April 11 (Reuters) - Vedanta Resources Plc VED.L said on Wednesday its plans for capacity expansion at the Thootukudi copper smelting plant in southern India were on track, a day after its application to renew operations was rejected by the state pollution regulator.Vedanta said on Tuesday its application for renewal of consent to operate its copper smelting plant, one of India's biggest, in the...Read More
(IDEX Online) - The DMCC held the 7th edition of its industry-leading annual Dubai Precious Metals Conference (DPMC) on Monday, with more than 300 participants listening as speakers and panelists from the precious metals sector discussed issues and opportunities critical to the future of the worldwide trade. Following the opening speech by DMCC CEO Gautam Sashittal, the conference keynote s...Read More
RAPAPORT PRESS RELEASE, April 11, 2018, New York: Diamond prices stabilized in March, but sentiment softened after a positive start to the year. Dealers were disappointed with the Hong Kong diamond show, while a major bank fraud involving two Indian jewelry companies impacted confidence as well. The RapNet Diamond Index (RAPI?,,?) for 1-carat diamonds slid 0.1% in March. RAPI for 0.30-carat stones...Read More
WASHINGTON (Reuters) - The U.S. Justice Department called an economist on Wednesday to testify that allowing AT&T (T.N) to purchase movie and TV production company Time Warner (TWX.N) would cost consumers hundreds of millions of dollars, as the government wrapped up its efforts to convince a judge to stop the proposed deal.Carl Shapiro, an economics professor at the University of California at...Read More
FTSE 100 closes around 9 pts downTesco soarsUS benchmarks mixedUS inflation moves into negative territory in March FTSE 100 closed in the red as traders were put off shares due to tensions surrounding the US, Russia and Syria.President Trump earlier stoked the fire by suggesting that the US would consider air strikes in Syria and taunting Russia.He said, "You shouldn't be partners with a...Read More
Shares in Pretium Resources Inc (NYSE:PVG) surged on Wednesday after the company announced blockbuster production numbers from its Brucejack gold-silver mine in British Columbia.During early afternoon trade the Vancouver-based producer was exchanging hands for $8.27 a share, up 19.4% on the New York Stock Exchange, in massive volumes of more than 8m shares traded. Pretium is now worth $1.5 billion...Read More
(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term.Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12 PM EDT) along with the results from our market professional survey.Readers can al...Read More
Jadish Laddhra, CEO of Birla Copper, said accessing clean concentrates was one of the main challenges facing India's copper smelting industry.Read More
(IDEX Online) - LVMH Mo?<
Base metals prices on the London Metal Exchange are consolidating this morning, Wednesday April 11, following a strong recovery in the previous session. Copper and nickel were down by 0.5% and 0.4% respectively at the time of writing, while the rest were mostly unchanged - the exception being tin which was up by 0.5% at $21,030 per tonne. Volumes traded were somewhat lighter than usual, with 5,647...Read More
(Reuters) - As Republicans take control of the U.S. agency that enforces federal labor law, unions are bracing for decisions that could make it harder for them to solicit support and boost their ranks by limiting their ability to contact workers.The Republican-led U.S. Senate voted along party lines on Wednesday to confirm John Ring, a management-side labor lawyer nominated by President Donald Tru...Read More